Columbia Property Trust, Inc. (CXP) Forms $21.00 Double Bottom; Sothebys Has 0.72 Sentiment

SothebyÂ’s operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, China, France, Switzerland, and internationally. The company has market cap of $2.68 billion. The firm operates through two divisions, Agency and Finance. It has a 25.54 P/E ratio. The Agency segment accepts property on consignment; and matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine, and collectibles through the auction or private sale process.

Columbia Property Trust, Inc. (CXP) formed double bottom with $19.74 target or 6.00% below today’s $21.00 share price. Columbia Property Trust, Inc. (CXP) has $2.52 billion valuation. The stock increased 0.10% or $0.02 during the last trading session, reaching $21. About 936,835 shares traded or 16.29% up from the average. Columbia Property Trust, Inc. (NYSE:CXP) has risen 8.42% since March 3, 2017 and is uptrending. It has underperformed by 8.28% the S&P500.

Marcato Capital Management Lp holds 4.09% of its portfolio in Sotheby's for 777,321 shares. Paradice Investment Management Llc owns 1.09 million shares or 3.79% of their US portfolio. Moreover, Diker Management Llc has 2.6% invested in the company for 140,000 shares. The New York-based Third Point Llc has invested 2.58% in the stock. 13D Management Llc, a New York-based fund reported 130,084 shares.

The stock increased 0.43% or $0.22 during the last trading session, reaching $51. About 635,374 shares traded or 83.00% up from the average. Sotheby's (BID) has risen 78.16% since March 3, 2017 and is uptrending. It has outperformed by 61.46% the S&P500.

Among 9 analysts covering Columbia Property Trust (NYSE:CXP), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Columbia Property Trust has $28 highest and $18 lowest target. $23.43’s average target is 11.57% above currents $21 stock price. Columbia Property Trust had 22 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Market Outperform” rating given on Monday, October 30 by JMP Securities. As per Thursday, December 22, the company rating was initiated by SunTrust. The rating was maintained by SunTrust on Monday, January 22 with “Hold”. The stock of Columbia Property Trust, Inc. (NYSE:CXP) earned “Hold” rating by SunTrust on Thursday, October 26. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, January 9. On Tuesday, August 4 the stock rating was maintained by Wunderlich with “Buy”. The rating was downgraded by JMP Securities on Monday, January 9 to “Mkt Perform”. On Monday, September 4 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Columbia Property Trust, Inc. (NYSE:CXP) earned “Hold” rating by SunTrust on Monday, November 27. The firm has “Sell” rating by Goldman Sachs given on Friday, February 19.

Analysts await Columbia Property Trust, Inc. (NYSE:CXP) to report earnings on April, 26. They expect $0.36 EPS, up 28.57% or $0.08 from last year’s $0.28 per share. CXP’s profit will be $43.17 million for 14.58 P/E if the $0.36 EPS becomes a reality. After $0.32 actual EPS reported by Columbia Property Trust, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Since December 19, 2017, it had 1 buying transaction, and 0 sales for $132,051 activity. On Tuesday, December 19 CARPENTER RICHARD W bought $132,051 worth of Columbia Property Trust, Inc. (NYSE:CXP) or 5,750 shares.